Legal Opinion
Snow v. Commissioner
Supreme Court of the United States
Decided May 13, 1974No. 73-641PublishedCited by 140 opinions
1Opinion of the CourtJustice Douglas
Section 174(a)(1) of the Internal Revenue Code of 1954, 26 U. S. C. § 174 (a)(1), allows a taxpayer to take as a deduction “experimental expenditures which are paid •or incurred by him during the taxable year in connection with his trade or business as expenses which are not chargeable to capital account.” Petitioner Edwin A. Snow (hereafter petitioner) was disallowed as a deduction his distributive share of the net operating loss of a partnership, Burns Investment Company, for the taxable year 1966. The United States Tax Court sustained the Commissioner, 58 T. C. 585. The Court of Appeals…
2Cases cited4 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Edwin A. Snow and Helen B. Snow v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1973
- Snow v. CommissionerUnited States Tax Court · 1972
- Richard F. Cleveland and Jessie B. Cleveland v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1961
3Cited by140 opinions
- Commissioner v. GroetzingerSupreme Court of the United States · 1987
- Commissioner v. Idaho Power Co.Supreme Court of the United States · 1974
- Goodwin v. CommissionerUnited States Tax Court · 1980
- Bernard A. Levin, Phyllis Levin, Alan T. Hrabosky, and Delores Hrabosky v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1987
- Drobny v. CommissionerUnited States Tax Court · 1986
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